W Advisors LLC Grows Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

W Advisors LLC boosted its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 6.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,478 shares of the financial services provider’s stock after purchasing an additional 90 shares during the quarter. W Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $383,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS Group AG grew its holdings in Arthur J. Gallagher & Co. by 8.5% during the 4th quarter. UBS Group AG now owns 361,441 shares of the financial services provider’s stock valued at $81,281,000 after buying an additional 28,359 shares in the last quarter. Norden Group LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the 1st quarter worth $3,841,000. Brookstone Capital Management boosted its holdings in shares of Arthur J. Gallagher & Co. by 70.4% in the 1st quarter. Brookstone Capital Management now owns 12,851 shares of the financial services provider’s stock valued at $3,213,000 after buying an additional 5,308 shares in the last quarter. Sei Investments Co. boosted its stake in Arthur J. Gallagher & Co. by 11.7% in the first quarter. Sei Investments Co. now owns 194,568 shares of the financial services provider’s stock valued at $48,649,000 after acquiring an additional 20,302 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new position in Arthur J. Gallagher & Co. during the 4th quarter worth $979,000. Institutional investors own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on AJG. Truist Financial boosted their target price on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Bank Of America (Bofa) lifted their price target on Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the company an “underperform” rating in a research report on Friday, July 26th. Royal Bank of Canada lifted their price objective on shares of Arthur J. Gallagher & Co. from $290.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Jefferies Financial Group upped their target price on Arthur J. Gallagher & Co. from $264.00 to $267.00 in a research note on Friday, July 26th. Finally, BMO Capital Markets upped their price target on shares of Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $276.82.

Arthur J. Gallagher & Co. Price Performance

Arthur J. Gallagher & Co. stock opened at $294.19 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.67. The company has a 50-day moving average price of $279.84 and a 200 day moving average price of $259.40. Arthur J. Gallagher & Co. has a 12-month low of $218.63 and a 12-month high of $298.24. The stock has a market cap of $64.28 billion, a P/E ratio of 59.55, a PEG ratio of 2.46 and a beta of 0.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.02. Arthur J. Gallagher & Co. had a net margin of 10.41% and a return on equity of 19.25%. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter last year, the firm earned $1.90 EPS. The business’s revenue was up 14.3% compared to the same quarter last year. Sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 10.16 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.40 dividend on an annualized basis and a yield of 0.82%. Arthur J. Gallagher & Co.’s payout ratio is currently 48.58%.

Insider Buying and Selling

In related news, VP Scott R. Hudson sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $263.45, for a total transaction of $2,634,500.00. Following the completion of the transaction, the vice president now directly owns 93,730 shares in the company, valued at approximately $24,693,168.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, President Thomas Joseph Gallagher sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $282.96, for a total transaction of $4,244,400.00. Following the sale, the president now directly owns 329,099 shares in the company, valued at $93,121,853.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Scott R. Hudson sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $263.45, for a total transaction of $2,634,500.00. Following the completion of the sale, the vice president now directly owns 93,730 shares in the company, valued at $24,693,168.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,348 shares of company stock valued at $13,342,910. Company insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.